Dive into an engaging and humorous episode of Business Lunch. The hosts kick things off with a light-hearted banter about asking rich people for money and a fictional lawsuit against Apple, setting the stage for a deeper conversation about annual planning—or rather, why they believe it's ineffective.
Drawing from personal experiences and business insights, they advocate for a more dynamic approach, suggesting a shift towards three-year visions broken down into 90-day sprints.
This episode is a must-listen for anyone looking to revolutionize their approach to business and personal planning, delivered with a mix of humor, practical advice, and relatable anecdotes. Tune in to rethink your planning strategies and set yourself up for success in manageable, achievable segments!
Highlights:
"This is the time of year when companies and entrepreneurs... start thinking about next year. And I gotta tell you, I think it's a gigantic mistake."
"The annual plan is a giant mistake... You have no freaking clue where you're gonna be in 10 years."
"Every single quarter, I take about a half day to say what are my habits like? What are my inputs like? What resources do I need to acquire so that I can stay up on my next quarter's goal?"
Timestamps:
00:00 Apple Stole Ryan's Voice
01:25 Planning for Next Year
03:17 The Problem with Annual Planning
04:46 Thinking Three Years Ahead
05:42 Quarterly Sprint Planning
06:41 Applying the Planning Methodology Personally
08:41 Monitoring Progress and Making Adjustments
10:03 Setting Good, Better, Best Goals
12:29 Lead Measures vs Lag Measures
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